HomeMy WebLinkAboutLegislation (Version 2) 07-28-11City of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00538 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY, OF THE CITY OF MIAMI OF
MIAMI-DADE COUNTY, FLORIDA, TO ESTABLISH A PROPOSED MILLAGE
RATE; ADOPTING THE TENTATIVE LEVYING OF AD VALOREM TAXES FOR THE
DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, MIAMI-DADE
COUNTY, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2011 AND ENDING
SEPTEMBER 30, 2012.
WHEREAS, the Miami City Commission of Miami -Dade County, Florida, on July 28, 2011, adopted
Fiscal Year Tentative Millage Rates following a public hearing as required by Florida Statute 200,065;
and
WHEREAS, the Miami City Commission of the City of Miami of Miami -Dade County, Florida, held a
public hearing as required by Florida Statute 200.065; and
WHEREAS, the gross taxable value for operating purposes not exempt from taxation within the
Miami Downtown Development Authority District of the City of Miami, Miami -Dade County ("DDA"), has
been certified by the Miami -Dade County Appraiser to the DDA as $10,996,404,695; and
WHEREAS, the Miami DDA millage has been 0.5 mill since the inception of the Miami DDA;
NOW, THEREFORE, BE IT RESOLVED, BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted and
incorporated is fully set forth in this Section.
Section 2. The DDA is authorized to establish the following proposed millage rate:
1. The Fiscal Year 2011-2012 operating millage rate is .5 mills, which is greater
than the rolled -back rate of 0.4780 mills by 4.6000%.
2. The voted debt service millage is 0.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
City ofMiami
Page 1 of 2 File Id: 11-00538 (Version: 2) Printed On: 7/19/2011
File Number. 11-00538
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU
CITY ATTORNEY
Footnotes
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall
become effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 11-00538 (Version: 2) Printed On: 7/19/2011